If a separating equilibrium is played in a signaling game, the receiver will "update" his beliefs during the game.
Answer the following statement true (T) or false (F)
True
Rationale: In a separating equilibrium, each sender type sends a different signal -- implying that the receive can infer the sender's type.
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If Congress fails to pass a budget before the fiscal year starts, then federal agencies may continue to operate only if Congress has passed a:
a. balanced budget amendment. b. deficit reduction plan. c. conference resolution. d. continuing resolution.
A firm can signal the high quality of its product by
a. spending nothing on advertising to convey that the product is so good that the firm does not even need to advertise. b. spending a large amount of money on advertising. c. getting a patent for the product. d. not worrying about getting a patent for the product.